Now that we’re able to wave a collective goodbye to the tumultuous 2020 and move into the hopefully more positive 2021, you’re likely undertaking your annual or bi-annual assessment of your investment portfolio.
If you’re like many of us, there’s a good chance you’re ready to step into the cryptocurrency market, or at least add some more coins to your wallet this year. That said, it’s always good to do your research on the types of coins to invest in, and we’re glad you’re here.
We’ll take a look at some of the best currencies to invest in this year and some indicators to look for when it comes to getting the best returns in the long and short terms as outlined by experts.
Choosing a Currency
As you might have guessed, all of the cryptocurrencies on the market today offer their own perks and ups and downs depending on what you’re looking for.
For many investors, the volatility in the cryptocurrency market creates a feeling of hype and also offers room for a tonne of added value in a short period of time. However, it’s always suggested by experts that you invest for the longer-terms if you’re looking to find an earner that you can rely on to provide returns over the course of a year, two years or a decade.
Those points in mind, we’ve chosen the coins to watch below based on their potential for growth, their added technologies and general expert consensus on the chances and opportunity for future and long-term growth.
With that out of the way, let’s take a look at some of the top cryptocurrencies invest in with a cryptocurrency exchange like Independent Reserve in 2021.
BTC or the Most Popular Coin, Bitcoin
As you might have already expected, the top coin on our list is also the most popular, and that’s for a good reason.
Coming with a market cap this year of more than $600 billion, you can rely on Bitcoin’s size to offer at least some stability moving forward. In the early years, Bitcoin was incredibly volatile and rather confusing to understand. However, with more people jumping on board and working to stabilise the coin, it’s now looking to be a great long-term earner for investors.
A good majority of experts in the industry this year have stood by Bitcoin for 2021 given that the long-term gains are still apparent and the price change over the course of the year remains in the green.
That said, keep a close eye on Bitcoin this year.
ETH or Ethereum
Taking out the second spot on our list this year is Ether, and this is down to the fact that it has a great growing market price, but also a number of applications and technologies behind it which may push the price higher this year.
Of course, there’s the fact that it’s a decentralised and popular coin. However, you’re going to be able to rely on developers who are creating dApps for the platform to keep the price moving even if the market seems to fall flat.
Experts have touted that these apps are one key source of hype and price sustainability for the platform, which means you should keep an eye on a few specific Ether apps and with whether they gain some traction or not.
It’s good to note that ETH also supports the purchasing of other crypto coins with its currency, which means there is a wider avenue for use on the market for Ether, again, keeping the price moving.
LTC or Litecoin Cash
One of the lesser known coins is Litecoin or LTC, however, it’s still a big winner for us and a coin we’d stand by watching this year.
A big perk and a price mover for LTC is the fact that it can be used to move large sums of money in just a few moments. This essentially makes it a winner for firms and banks looking to make transactions across the country or the globe with ease and little downtime.
You can find LTC being used by a tonne of firms out there, though XRP or Ripple seems to be winning this firm and bank-focused race so far. However, with their foot in the door, LTC might have some room for growth this year, so long as its transactional features and technologies become commonplace.
Summary
With those coins out of the way, we’re sure you’ll be able to keep a close eye on these in the year ahead and make a few wise investment decisions.
Be sure to watch for key indicators and technologies offered by these coins and you might even be able to predict a price spike on your own.